100% FDI will kill Indian brands: Mamta Banerjee

TIL Desk/National/Kolkata-Lashing out against the Narendra Modi government’s decision to relax FDI norm in several sectors, West Bengal Chief Minister Mamata Banerjee on Thursday said 100 per cent foreign direct investment in sectors like manufacturing, agriculture and pharmaceutical will “kill Indian brands”.

Replying to the debate on Governor K.N. Tripathi’s address to the state assembly, she said the Trinamool Congress would raise the matter in parliament and also called for the need for all state governments and political parties to unite on the issue of rising debts.

“It is not that I am against jobs for people. But it’s a fact that it (FDI) will kill Indian brands. 100 per cent FDI, whether it is in the pharmaceutical, agricultural or manufacturing sectors, will adversely hit Indian brands. “We need to do promote the branding of our own products,” she said.